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Jt, yes, all good points and I agree. One thing tho. I now can see a path to $10 this year due to the requirement for liquidity once smart contracts go live. Take a look at the 6 month chart of Binance coin. They launched smart contract at the end of 2020 and had the same shock to supply. They never had 70% staked though. I think that will mean a huge rerate for cardano.
Thanks for sharing the link Cooper. 25 countries within 18 months. Wow! Transformational
I was also thinking about your other point recently. Not specific to Cardano, but the whole crypto-eco system in general. Once other coins shift over to Cardano and the transaction fees are dropped from >$100s to <$1, the accessibility for the whole industry will enter into a new level.
Gas fees are prohibitive for doing anything less that $5k on a frequent basis. The average person in 1st first developed Britain has only got a few hundred quid / couple of grand sitting about in the bank. It's not like African's are going to be massively cash rich either. ETH will never work. However, blockchain is here to stay and the world is the oyster for whichever major crypto becomes first to offer affordable access to the billions.... and as we believe, Cardano is the best bet in that
But yeh, I can see ADA even getting to $10 before end of next year. e.g. Imagine Tesla or some other group of companies come along and buy up a billion dollars. OK, that'll maybe equate to 1% of stock, but 3% of liquid stock. Of course prices will rise, and this is extremely likely in the foreseeable future.
ADA reaching $10 before end of next year is no longer a dreamers world. At the same time, the coins that act fast and transfer over to ADA once our upgrades are out will also perform extremely well... I wonder what some of them will be. 1000x's in the making for sure in some plays.
Over 70% of all ADA is now held and staked by savvy investors. This leaves approx 30% for the onboarding of 25 countries over the next 18 months.
WAIT!!!!! What about the 100's of companies that are ready to launch on the cardano blockchain when smart contracts go live July/August?
This means there is going to be a shock to the price of cardano because all these projects needs liquidity, The DEX;s need liquidity, the swaps, need liquidity and the 100's of other projects all need liquidity.
This is a major factor not being discussed right now . Look what happened a couple of months ago when Binanace launched smart contracts...they done a 10x.
Cardano could be do the same.
Food for thought guys.
Mass adoption by the end of next year. We expect to add an additional 5 countries by the end of this year and then a further 20 countries next year. This is phenomenal progress and having only just posted that I will take a bit off the table at $2.50 I'm now thinking that might be crazy talk.
https://www.cnbcafrica.com/2021/how-blockchain-technology-can-help-improve-quality-of-life-in-africa/
Cardano showing a huge amount of strength and blowing up against Bitcoin and the rest of the market.
Looking great and now we are looking to take the $2 level out!! It's crazy having bought a good load of these at pennies to now see it at $2. I think on average price I've now done of 16 x my initial stake. I thought a 10 bagger in 2010 during the financial crash was amazing but this tops them all.
I will be taking 100k of the table at $2.50 and allowing the rest to run till year end. That will be subject to change should something special rear it's head.
New All time high and looking towards hitting the $2.00 level where we might consolidate for a short period.
Alonzo update is now only weeks away so I don't see us hanging around for too much longer before heading towards the $5.00 level and possibly even more this cycle.
PS: This website is almost unusable these days for the crypto chat. The BB for stocks works fine but the crypto chat constantly has issues.
Jt
All looking good and bang on track as we suspected. Mass adoption of Crypto and Cardano even more so is now inevitable.
Cardano reaching 100 million users will most likely come quicker than we expect. We have the Georgian government ready to come on board too and that's going to swell the numbers again as well as other countries that we have been working with.
I see the Sun had a page dedicated to cardano yesterday..another clue towards mass adoption when the mainstream rags are picking it up.
Hope you are all good mate. All the best!!
cointelegraphDOTcom/news/100m-euro-digital-bond-was-a-cbdc-test-says-banque-de-france/amp
Ok, they're using ETH for now. But the impact that this has on future of crypto is massive... central banks officially into crypto now. No way is this boom anywhere near done
Great video yesterday if anybody else watched it. Attila looks great - still runs the risk of confusion with Attila the Hun perhaps? But the ecosystem they're creating with World Mobile etc in over regions of Africa is super exciting... What's also interesting for me is that this is all in the closer mid-term than I had been thinking. 100s of millions of people joining cardano by 2025 is now obvious, whereas I had thought more of a hope / narrative beforehand.
Very impressed with the forward thinking in the Ethiopian MoE particularly. Far ahead of what we have here in the UK! Systems here are so backward in comparison.
Big updates coming before the end of this year, with steady stream of exciting developments between then and 2025. This is a long play to stick by and watch
This initial deal is to onboard 5 mill students. These 5 mill will then have access to Defi & Dapps which will assist in the mass adoption of Cardano. It's a great initial deal and we have other like Mongolia almost over the line too.
IOHK Media
@IOHKMedia
We couldn't make you wait until Thursday! We're announcing our partnership with Ethiopia's Ministry of Education to create a blockchain-based national ID and attainment recording system. Rolling out to 5M students, this is the world’s largest blockchain deployment #CardanoAfrica
Crazy week that was. Right back to $1.20c after all that drama. That will hopefully be the bottom in now and we can start and get back to breaking ATH and then beyond.
PS: Africa special is out on Thursday. make sure you tune in, should see exactly what this deal entails for Cardano.
Adjusted the portfolio over the last few days. Out of everything I held in my crypto side pots and now all in on Cardano. 261,000 staking and earning 180 ada every 5 days.
I intend to hold them till smart contracts go live unless the price flys before hand.
Hope you all held tight during the last two days storm. Big shake with Biden announcing his CGT plans but it's all the more reason to make even more from crypto.
Africa Africa!!
https://twitter.com/IOHK_Charles/status/1384582745116987393?s=20
Yeah, down in the mouth and down in the dumps.
I think it could happen once we get a look at what's going on with the smart contracts. if we see a huge migration from Eth and also some new funky Dapps then why not?
The community is huge and markets gravitate to where the demand is. Money is the be all and end all for companies and they want to be where the biggest supply is.
It's the grey skies - the Brits don't seem to like other's doing well ;(
@Boftrix, $10 not realistic in next 5 years... I'd be interested to hear your rationale
Personally, I view $10-30 predictions within the year a bit of a joke. However, the range is certainly plausible assuming roll out goes remotely according to plan. Cardano already moves more than ETH, has massive developer community queuing up for Goguen, not to mention the Africa expansion vision... If even half of that materialises, that's already well ahead of ETH. Thus I'd anticipate market cap to be reflected accordingly, meaning a minimum of $10 just to get to where ETH is today.
besides some for gas fees, I ditched my ETH a while ago cause it's a dead weight in comparison. Obv that's just my opinion and why I'm in here... thus, interested to hear the bearish case
That all sounds very "British" and miserable and trying to talk everything down ;-)
If Dogecoin can leap +7000% in 6 months on the back of a cute pooch and a tweet, then ADA can hit $10 as the "greener Bitcoin".
Would be nice but not realistic in next 5 years in my opinion. I would suggest you look at the current market cap and calculate what it would need to be to reach those sort of prices. Stranger things have happened I suppose but I'm quite sure the trader had a position in ADA so a statement made with self interest high on his agenda perhaps? This will I'm sure be a good investment and has a bright future. Good luck
Prominent analyst predicting $10-30 for Cardano (ADA) by the end of Dec 2021, up from $1 in April 2021.
A Cardano breakout looks underway.
Greener than Bitcoin, more scalable, and more secure than Ethereum.
Some call ADA "the new Bitcoin".
https://www.cryptoglobe.com/latest/2021/04/cardano-breaks-1-55-crypto-analyst-expects-ada-price-to-go-over-10-by-year-end/amp/
I think that there was disappointment when the Ethiopian news didn't materialise at the end of March. I for one was disappointed, so assume others were too.
To be honest, one of my biggest problems with Crypto plays is that the CEOs + key players totally manipulate the prices. Charles isn't so bad, he just builds up too much expectation BEFORE things happen. I wish that we'd use the classic formula of under promise but over deliver. Would offer much more sustainability in the coin price and help control the volatility.
So many of the other CEOs put out tweets such as:
"What happens to TrustSwap after it acquires a crypto-focussed app on both iOS and Android with 1.5M+ users?
Find out later this month [ROCKET]"
"Top 50 this year."
etc etc If these were listed companies the founders could be sued big time for market manipulation
Anyway, rant aside, many of these plays have fantastic futures ahead, such as Cardano. This break out has been playing out as expected (usually a little froth when ceilings are cracked). Watch the rise to 1.5 and then let's break it and set that new high in time for the upcoming testnet. Who knows, I may even achieve my original 2025 target this year! Have already increased that target from $5 to $20, AND brought it forward to end of 2023. My goodness, optimism is getting dangerous
Buy and hold for the next 5 years
Have not helped, idiot! (typo)
Good evening all, I’m not counting my chickens until they have hatched but things appear to be moving to the upside, could be a false dawn but I don’t think so. We really need a snippet of news and this will fly (just my opinion) I don’t think the recent events in Ethiopia have helped with the civil unrest but driving forward I think the government will see the opportunity that’s in front of them too good to pass up. JT once again I agree with you the end of this month could be transformative as news comes in. One thing that I can’t work out was the Ethiopian deal, was it already factored into the current price??
Kind regards.
MACD crossed into positive today (assuming it closes positive also)
50 day MA has caught up, yet we remain above all of the main supports. Indicates to me that this could finally be beginning of the next stretch north... aligns with upcoming announcements etc expected for the end of the month
I noticed today on 'Coinmarketcap' that Cardano has a around 30% more followers than DOT, BNB or any of the other market cap competitors. Bitcoin's got >900k, ETH around 750k and ADA over 500k. Think there's a lot of people going to be buying in once this move is confirmed, and also noticing quite a fair bit of additional mainstream coverage about ADA - which is surprising as they're usually just ETH + BTC focused.
Comes at a good time for us